BTC Scythe or Cup - Crunch imminent
Using a very attentive, some would argue obsessive, strategy of continuous straddling pet named the "wheel". The main interest is levels to target key entries and exits to improve a position's price and size.
Added to the mix to help also with the monotony are non linear trends.
Some of your richer fx mates are riding 2 week long shorts searching for a deep retrace down the Scythe's blade.. There was a cross in the adx or something but maybe they were happy with their 28k retrace, dunno, haven't been bothered with the news.. Your old school holders have their hearts set on a retest of the ATH and a burst to 55k.. (ATH + Height of this new Top)
Riding the binance futures usdt and btc inverse Wheel, we're trying to manage our entries and exits to keep ourselves in perpetual motion.
Burst safety for short term on the long btc inverse account is 30k and for the short is 40k.
Exiting funds from the opposite fuel the safety of their counterpart adding those extra legs if called upon before the much needed retrace to min markup.
Entries scale exponentially with distance from position size and historic levels allow for intelligence to play a role in an otherwise mechanical system. One's penultimate pocket depth should be calculated to absorb 50% retrace with no exit (22k for bull run), but preferably one practicing this is obsessed and doesn't sleep in blocks longer than 3 to 4 hours, so they easily catch lower level fractal retraces. Exits also scale exponentially although inversely from min markup to a reasonably calculated dream markup that most of the time gets abandoned to a stop target to begin reentry to fuel the wheel...
Added to the mix to help also with the monotony are non linear trends.
Some of your richer fx mates are riding 2 week long shorts searching for a deep retrace down the Scythe's blade.. There was a cross in the adx or something but maybe they were happy with their 28k retrace, dunno, haven't been bothered with the news.. Your old school holders have their hearts set on a retest of the ATH and a burst to 55k.. (ATH + Height of this new Top)
Riding the binance futures usdt and btc inverse Wheel, we're trying to manage our entries and exits to keep ourselves in perpetual motion.
Burst safety for short term on the long btc inverse account is 30k and for the short is 40k.
Exiting funds from the opposite fuel the safety of their counterpart adding those extra legs if called upon before the much needed retrace to min markup.
Entries scale exponentially with distance from position size and historic levels allow for intelligence to play a role in an otherwise mechanical system. One's penultimate pocket depth should be calculated to absorb 50% retrace with no exit (22k for bull run), but preferably one practicing this is obsessed and doesn't sleep in blocks longer than 3 to 4 hours, so they easily catch lower level fractal retraces. Exits also scale exponentially although inversely from min markup to a reasonably calculated dream markup that most of the time gets abandoned to a stop target to begin reentry to fuel the wheel...
Comment:
We have hit the top of the arcing wedge, will she break to become a support?
Comment:
We are testing top of bearish Scythe channel !! Go BTC go !!
Comment:
I didn't draw the other option of the arrow straight UP ! haha, oops
Comment:
Top of Scythe blade holding.. bulls cut down.
